News Catcher Pro MT5 – Smart Automated News Trading with Precision and Control

News Catcher Pro MT5 is an intelligent mean-reversion trading system that specializes in capturing market inefficiencies caused by high-impact economic news events. Unlike typical EAs that trade continuously, this expert advisor focuses on precise, low-frequency entries during specific intraday periods when volatility is predictable — just before major news releases.

By leveraging seasonal intraday volatility patterns, News Catcher Pro identifies optimal entry zones, taking advantage of short-term overreactions to news-related market movements. The result is a disciplined, data-driven system designed for consistent performance and controlled risk.

How News Catcher Pro MT5 Works

The EA monitors the market for scheduled high-impact news events and positions itself slightly before they occur. When conditions match its volatility and pattern filters, it opens strategic positions designed to capture short-term price corrections.

After entering, the EA manages trades using volatility-based Stop Loss and Take Profit levels, ensuring each position is protected and optimized. Thanks to its built-in news and time filters, it automatically pauses trading during unsafe market conditions or holidays.

Core Strategy Highlights:

• Trades only around scheduled high-impact events
• Uses mean-reversion logic for low-risk entries
• Adapts to volatility using ATR-based risk control
• Focuses on consistent, data-driven signals rather than frequency

Key Features

• Multi-Currency Support: Works with GBPUSD, EURUSD, and EURGBP
• One-Chart Setup: Manage all trades from a single chart
• Advanced News Filter: Reads real-time and historical news data for precise entries
• Auto GMT Detection: Adapts automatically to your broker’s time zone
• Self-Diagnostic System: Ensures the EA runs smoothly without manual intervention
• FIFO Compatible: Meets U.S. trading compliance standards
• Backtest Ready: Includes news event data for accurate strategy testing

Easy Installation Guide

1. Attach News Catcher Pro MT5 to one M5 chart (EURUSD recommended).
2. If your broker uses a symbol suffix (e.g., EURUSD.a), update it in the settings.
3. Allow web requests for the following URLs (remove spaces):
   • https://ec.forexprostools.com
   • https://www.worldtimeserver.com
   • http://timesrv.online
4. Place the ‘NewsEvents.txt’ data file into the folder:
   \Common\Files → (File → Open Data Folder → Up to ‘Terminal’ → Common → Files).
5. Backtest using Tick Data Suite (GMT+2, US DST) for realistic results.

No .set files are required — all settings are built into the EA.

Recommended Trading Conditions

• Pairs: GBPUSD, EURUSD, EURGBP
• Timeframe: M5
• Account Type: Hedging account with an ECN broker (low spread and slippage)
• Minimum VPS Latency: <20ms for best execution
• Continuous Operation: Run the EA 24/7 on a reliable VPS

Customizable Settings

News Catcher Pro MT5 offers complete flexibility for traders who want control over risk and execution.

Risk and Trade Management:

• Fixed Lot, Dynamic Lot, or Risk-Based Lot sizing
• Adjustable Max Spread, Slippage, and Drawdown thresholds
• Smart margin protection and automatic order cancellation when Free Margin% drops

Strategy Parameters:

• Adjustable ATR-based Stop Loss and Take Profit
• News timing control: Trade before or after key events
• Position Time Stop: Automatically closes trades after a set duration
• Friday and Holiday Filters: Prevents trading during low liquidity periods
• Hedging & Multi-Directional Trades: Optional for advanced users

Safety Tools:

• Maximum floating drawdown (% or money-based)
• Smart handling of correlated pairs
• Automatic trade suspension during extreme volatility

Why Choose News Catcher Pro MT5

• Designed by professionals for precision trading around news events
• Trades only when the statistical edge is present — not random scalping
• Fully automated and low frequency, ideal for serious traders who value safety
• Backtested and live-proven using real news data
• Complies with FIFO and FTMO standards, making it prop-firm friendly
• Simple to set up, with no complicated configuration required

Conclusion

News Catcher Pro MT5 stands out as one of the most intelligent and reliable news-based Forex expert advisors on the market. Its mean-reversion approach, coupled with smart event filtering and risk control, ensures traders capitalize on volatility without exposure to random market noise.

If you’re looking for a high-accuracy, low-trade-frequency system that thrives during economic announcements and delivers consistent results, News Catcher Pro MT5 is your ideal choice.

Trade smarter and safer — with the precision and innovation of News Catcher Pro MT5.